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FOX News
Jan 1, 2013 3:00pm PST
way the cuts will ever happen. bret >> bret: thank you. the fiscal cliff not the only thing that congress is dealing with. fox news learned the house plans to split the superstorm sandy aide bill to two parts. giving the lawmakers opposed to a large bill the ability to vote against it and vote on the other part so they don't appear unwilling to help storm victims. the base would provide immediate funding to those affected by the october storm that devastated new york and new jersey coastlines. meanwhile, republicans are still meeting up on capitol hill. we have a live camera outside of that meeting. they are, the camera just shooting in and out there. they are meeting and those are the microphones they may come and talk to reporters after they finish that conference meeting. we are just getting word of something that perhaps is happening behind those doors. senior g.o.p. leadership aide is telling fox that the speaker presented his members two options. the first would be to make an amendment to the senate bill that would add a package of spending cuts. the whip, majority whip wou
FOX News
Dec 31, 2012 3:00pm PST
: greg, thank you. let's take a look at wall street's reaction to the ongoing fiscal cliff negotiations and what happened today. fox business network senior washington correspondent peter barnes at the white house tonight with the latest. good evening. >> good evening. well, the dow was up more than 1% today on optimism that at least most of the bush tax cuts will be extented for almost everybody. they are worth more than $3 trillion over the next ten years. that means $3 trillion and more that will stay in the pockets of consumers so they can go out and buy cars and houses and refrigerators. and ipads. and iphones which will be good for corporate profits. >> if we get a fiscal deal that really addresses the long-term trajectory, that might be the final piece of the rubix cube to lift markets to take them up to double digit gains for 2013. >> that follows the double digit gains for two of three major indexes in 2012 with the gains today. the dow jones/industrials average finished up more than 7% for the year. the broader s&p 500 was up about 13.5%. the tech heavy nasdaq, wh
FOX News
Dec 26, 2012 3:00pm PST
deal on the fiscal cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight to deal with the looming fiscal cliff. after that red eye, the president will no doubt need coffee. starbucks decided to get political in the washington, d.c., shops, by having employees write come together on cups. ceo howard schultz writing in open letter, "my hope is the simple message will serve as holiday reminder from starbuck of the spirit that bridgeed differences and we have the power to come together and make a difference in every season of the year." the president and speaker john boehner have not spoken in nearly a week. when the house republicans convene conference call today, all they were told is lawmakers will get 48 hours' notice if and when they need to come back to session. the talks first stall over the preferred option
FOX News
Dec 27, 2012 3:00pm PST
president and key congressional leaders. >> thank you. if the fiscal cliff can be avoided there is another gigantic hurdle awaiting the lawmakers. >> they will hit the credit limit of $16.4 trillion on december 31. the nation thereafter can't pay the bills unless congress raises the limit. >> with a new congress in january we need to revisit an finally give ourselves the determination to solve not only our short-term debt but the long-term debt. >> they raised the debt limit 11 times in a decade. most recently in august 2011 after a bruising political fight. democrats accuse republicans of using the debt limit as political "leverage" to press for spending cuts. a point they tried to make with a jarring comparison. >> this is somewhat to taking your child hos tam and saying i'll shoot my child if you don't do what i want done. you don't want to shoot your child. no leader wants to default on the debt. >> they said there is breathing room and the treasury department will take extraordinary measures authorized by law. that will create head room under the debt limit. under normal circumstances
FOX News
Dec 28, 2012 3:00pm PST
if we do go off the fiscal cliff, it's now averted strike would have combined for a deadly one-two punch to the u.s. economy. now the overall deal is at 100% signed off on by februar february 6, then we are right back to where we were this morning and again the national retail federation and the florida governor rick scott will be urging president obama to prevent a strike invoking the tap partly act and something not done since president george w. bush did it in 2002. back to you. >> doug: phil keating in miami. the so-called milk cliff that would also kick in to effect the lawmakers can't avoid the fiscal cliff they be averted now. hill source tells fox news and the senate agriculture leaders working on a year long extension of all farm programs. the source noted that the truman era law is so old it would take weeks to implement. even if the old law expires don't expect immediate spike if milk prices. >>> congress is still working to find agreement on the $60.4 billion emergency spending bill for hurricane sandy victims. some conservatives want the government to cut back spending
FOX News
Dec 24, 2012 3:00pm PST
: remarkable little girl. should put her to work on the fiscal cliff deal. besides being the leader of catholic church, pope benedict xvi is challenged author. it challenges part of the traditional nativity scene. we look another faith and facts surrounding the first christmas. ♪ ♪ >> reporter: pope benedict xvi dons the scholar hat in the latest booth. book, exploring the christmas story as event in history. >> gospel story of jesus is historical. pope distinguishes that. symbolic approach. like when augustus is emperor of rome he situates this at specific time. it's unlike mythic language like once upon a time. or "star wars" long, long ago in galaxy far,f away. >> he was a prolific author before becoming pope. but this book had an initial printing of unprecedented million copies in nine languages and hitting bookstores in 50 countrys. >> he takes a study of the iconic images. animals in the manger. neither one of the two gospels that contain the birth narrative matthew and luke mentions them present. >> he points out in the gospel story itself you don't find reference. but later
Search Results 0 to 5 of about 6